PEMBROKE, Mass., June 4, 2003 -- Exelon Generation Co., LLC recently entered into an agreement with Massachusetts-based Energy Services Group, Inc. (ESG) for retail power marketplace transaction and trading partner management services in Texas, which will be utilized for its Texas retail subsidiary, ExTex Retail Services Company, LLC.
Exelon Generation, the power generation and marketing subsidiary of Chicago-based Exelon Corporation, currently controls a combined generation capacity of over 3,800 megawatts (MW) in Texas.
Exelon Generation represents ESG's 20th energy client in the ERCOT Texas marketplace, the most successful competitive energy market. ESG's extensive market expertise and nationwide coverage were primary factors in the selection, according to Exelon's Jim Verna. Exelon will use ESG's Conduit Market Portal and Transaction Gateway solutions to seamlessly connect to its utility trading partners and ERCOT for customer switching, consolidated billing, and market settlement.
ESG guarantees lifetime compliance for market billing and transaction protocols. ESG's market compliance guarantee significantly reduces the risks related to changing protocols and business processes.
"The proven ability of ESG to service energy company clients like Exelon and the ease of use of their tools, made ESG the best fit for our organization" says Verna.
"ESG is extremely pleased to have been selected by Exelon Generation", says Nate Owen, ESG's President and CEO. "Exelon is truly a leader in the energy industry, and we believe that ESG's services are a perfect fit for energy companies who are trying to control cost and yet positively differentiate service levels with the competition."
About Exelon Generation:
Exelon Generation Company, LLC, is a subsidiary of Exelon Corporation, of Chicago, which was formed in October 2000 by the merger of PECO Energy Company, of Philadelphia, and Unicom Corporation, of Chicago. Exelon Generation consists of three business units: Exelon Nuclear, which has 17 nuclear units in Illinois, Pennsylvania and New Jersey, with a net generation capacity of approximately 17,800 megawatts; Exelon Power, which manages, operates and maintains the company's coal, natural gas, oil, landfill gas and hydro fleet of generation assets, consisting of 117 intermediate and peaking units in Pennsylvania, Maryland, Illinois, Texas and Massachusetts, producing some 10,000 megawatts of net generating capacity, and Exelon Power Team, Exelon's wholesale marketing and energy-based financial trading operation, dealing on the company's generation assets and a portfolio of long-term supply contracts and nationwide transmission rights, doing business in all of the contiguous 48 states and in Canada and Mexico. In 2000, Exelon Generation, headquartered in Kennett Square, Pa., had assets of $5.734 billion, pre-tax income of $474 million on revenues of $3.93 billion, and approximately 9,000 employees.
About Energy Services Group:
Energy Services Group, Inc., with headquarters in Massachusetts and offices in Houston, Texas is the strategic source for outsourced billing and transaction management services tailored to meet the requirements of competitive natural gas and electricity markets. With systems supported by experienced energy professionals, ESG enables distribution companies, energy retailers and wholesalers to successfully operate in the nation's rapidly evolving competitive energy markets. ESG supports over 50 industry leading energy clients in more than 200 energy trading partner marketplaces. For more information visit: www.EnergyServicesGroup.net .